Media headlines about Kornit Digital (NASDAQ:KRNT) have been trending somewhat negative on Thursday, Accern Sentiment Analysis reports. The research group rates the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Kornit Digital earned a news sentiment score of -0.01 on Accern’s scale. Accern also gave press coverage about the industrial products company an impact score of 46.7481734875515 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Several equities analysts recently issued reports on the company. Zacks Investment Research cut Kornit Digital from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. Craig Hallum reduced their price objective on Kornit Digital from $20.00 to $26.00 in a report on Thursday, September 28th. Barclays PLC reduced their price objective on Kornit Digital from $22.00 to $18.00 and set an “overweight” rating for the company in a report on Wednesday, September 27th. Needham & Company LLC reduced their price objective on Kornit Digital from $22.00 to $19.00 and set a “buy” rating for the company in a report on Wednesday, September 27th. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $18.00 price objective (down from $24.00) on shares of Kornit Digital in a report on Wednesday, September 27th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $18.83.
Shares of Kornit Digital (NASDAQ:KRNT) traded up 0.99% during trading on Thursday, reaching $15.25. The company had a trading volume of 188,041 shares. The stock’s market capitalization is $514.46 million. Kornit Digital has a 12 month low of $9.00 and a 12 month high of $23.15. The stock’s 50-day moving average price is $16.53 and its 200-day moving average price is $16.53.
Kornit Digital (NASDAQ:KRNT) last issued its quarterly earnings results on Monday, August 7th. The industrial products company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.04. The firm had revenue of $28.59 million during the quarter, compared to analyst estimates of $29.81 million. Kornit Digital had a positive return on equity of 7.05% and a negative net margin of 0.29%. The firm’s quarterly revenue was up 19.4% on a year-over-year basis. During the same period last year, the company posted $0.02 EPS. Equities analysts forecast that Kornit Digital will post $0.18 earnings per share for the current fiscal year.
Kornit Digital Company Profile
Kornit Digital Ltd. develops, designs and markets digital printing solutions for the global printed textile industry. The Company’s solutions include its digital printing systems, ink and other consumables, associated software and value added services. Its customers include custom decorators, online businesses, brand owners and contract printers.
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